Telecoms company, Econet Wireless and beverage maker, Delta Corporation are the only two Zimbabwean companies to make it into Africa's top 250 companies in 2020 , a pan-African publication, Business Africa Magazine has published.
Econet Wireless ranked 159 out of 250 top companies, a decline from number 37 last year.
The steep decline in value for the two companies has largely been attributed to the currency changes in Zimbabwe put in place last year following the transition from a USD-denominated system to the Zim-dollar regime.
But Zimbabwean companies were not the only losers in this year's list with most companies having lost their valuation due to a host of challenges including a tough operating global economy and the scourge of the coronavirus.
The list was mainly dominated by the Johannesburg Stock Exchange (JSE) listed firms with North African companies from Egypt and Morocco also constituting the majority of companies.
